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Bloomberg
Dec 4, 2013 7:00pm EST
it comes to this issue. still, it is safe to say this will be a primary focus for the obama administration in the months ahead. back to you. >> united states military is facing more but it cuts. hagel announced today that 200 positions will be eliminated from the office of the secretary of defense, but he said there will not be a large number of immediate layoffs. reductions that i have announced today will occur through a process of natural attrition in order to minimize the impact on our workforce. if the department is forced to one steep sequestration cuts the order of $500 billion, we may need to implement additional reductions. hagel adds that cuts will save about $1 billion over time. coming up, the fed says factories are giving the u.s. economy a boost but the latest beige book data is out. we will look at what else is expanding when "bottom line" on bloomberg television continues in just a moment. ♪ collects welcome back. let's show you how the equity markets finished. stocks fell for a fourth day. the longest him in 12 weeks. investors weighed economic data for clues on the timi
Bloomberg
Dec 5, 2013 7:00pm EST
about present day. the obama administration warning about the lapse in unemployment benefits saying it may cost as many as 240,000 jobs but there's another side to the argument. should benefits and? when should they end? they are capped at 73 weeks in most states average fewer than that. >> they kick in after state benefits have run out and it was a program started under bush and continued under obama. it went from 99 weeks to 73. i don't know what the right number is but i do know that the 1.3 million americans who are getting unemployment benefits and having the stop on the 28th is bad politics and bad policy. >> today, john boehner told reporters at the presidents real focus ought to be on creating a better environment for our economy and creating more jobs for the american people. those jobs were there, shovel ready jobs that president obama spoke of often, would we be having this discussion about benefits? >> the unemployment rate has gone down from 2000 eight. whether there are enough or not, that is what politicians can debate around the edges. peoplelion, these are who come
Bloomberg
Dec 9, 2013 5:00am EST
. about regulation or too much executive from the ng through obama administration we are getting that now in japan. there is quite backlash at present over the recent official went through at and feeling that maybe abe is going into some sort of overreach. >> give us a sense of what 2014 -- look like in the skwrez japanese economy. given the u.s. strong growth cycle we are getting at the should start off fairly well for japan and given bringing forward of sales ture ahead of the tax. into the second half it becomes more clouded not just because of the pullback after the sales tax but my personal view there is a risk of global asset deflation in response to the inflation. > thanks for your time and analysis. >> up next unrest in christian the latest on the protests as hundreds of thousands take to the streets. >> let's look at the protests in ukraine. fficials say buses loaded with interior minister troops are kiev. to protesters are angry that the sign a t is ready to stayed pact controlled by russia. angela merkel must be keeping a pretty close eye on this. this you look at the way is be
Bloomberg
Dec 6, 2013 8:00am EST
with administrations on both sides of the aisle. obama,sident barack mandela was a strong political and personal influence. he paid tribute last night. i am joined by the former ambassador to south africa under president george bush who worked with mandela. also with us is bloomberg political analyst matthew dowd. rick to have you with us. ambassador, -- >> -- great to have you with us. ambassador, let me start with you. tell us about what your meetings were like with him. >> the thing that really struck me was his level of graciousness and humility. he was not a big man, but he was larger than life in my eyes, and he struck me as a gentle soul. he offered me a tremendous level of encouragement, and he was very positive in terms of the interactions between me and him, and also felt that we had the opportunity to continue to strengthen the relationship between both south africa and the united states. >> matthew dowd, i want to play one part of the president's tribute to nelson mandela, where he was really emotional talking about his influence on him. >> we have lost one of the most influential, c
Bloomberg
Dec 9, 2013 3:00pm EST
have seen for healthcare.gov, where the obama administration spent weeks trying to prepare the exchange while at the same time up and running. class aside from the obvious delay, how else will this be different? >> one big difference is testing. a beta version. technology will be demonstrated for participants in a mock auction. it will be tested before the sale happens. one of the big complaints about the health care exchange website, there was not an adequate end to end test of the entire system. >> thank you. next, the real problem with fannie and freddie. we will explain with josh rosner and will be right back. ♪ qwest time for chart attack, where we show you two charts that will make you smarter. first, fannie and freddie kind of got stuck holding the bag. by some measures, they may still be the only measure in -- only game in town. walk us through what we are talking about and make it easy on viewers. >> a legislative reform push in washington to figure out what to do about fannie and freddie. do we liquidate them or fix them? right now, saying, let's just wait them out and start
Bloomberg
Dec 9, 2013 6:00am EST
? >> they do not like this at all. the obama administration, however, may like it, i think. president obama has already indicated that he will be proposal certain reforms to these processes and has a review panel going over them with a report due by the end of the year. so it's possible some of these ideas will line up with president obama's own reforms which may be resisted by his intelligence community. >> when it's resisted by the intelligence community, i guess that takes us to whatever the next crisis is, whoever wants to predict that. but does this drift away given the next security crisis for the nation? >> no question that if there were another attack, and these practices were faulted, that would be a disaster. and all efforts to reform them would then stop. and what this letter essentially is arguing is that the economic benefits to the u.s. economy and to these companies outweigh the reduction in risk that arises from these surveillance practices. that's a very controversial point. they're good arguments on both sides of it. and it is in a way the crux of the matter. >> what i found i
Bloomberg
Dec 6, 2013 3:00pm EST
postponing >> i believe the true solution to replacelem is what the obama administration has here. a plan wheres of americans will be on government welfare. having will qualify for somebody else pay for all or part of their health insurance. unsustainable model for this country. as your previous guest was most americansw, had insurance policies like what buying, buying what they needed. and when you add -- i was saying.what they were when you add the bells and whistles, those really aren't more -- insurance means to cover you for something that you don't expect to have happen to you and then to pay for it. bellsen you pay for the and whistles, you're what becomes prepaid health coverage which is no longer insurance. an unsustainable model. >> how is it unsustainable? if you have enough people in the pool, enough people sign up -- that's a big if. >> right. assuming they can. assuming they want to. >> obviously a problem. they all sign up, why shouldn't they be able to work? you have enough healthy people your pool. it should be sustainable. >> two roads to go on. one the point i made befo
Search Results 0 to 6 of about 7